CA > Long Beach > Downtown (Dt)
Long Beach, CA 90813,801 Atlantic AVE
Long Beach, CA 90813,801 Atlantic AVE
Long Beach, CA 90813,801 Atlantic AVE
19
See all 19 photos
$1,475,000
Est. payment /mo
Save
10 BD
4 BA
3,312 SqFt
Open Sun 10AM-1PM

801 Atlantic AVE Long Beach, CA 90813

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Bernadette "REALTOR IN RED" Somera

Bernadette "REALTOR IN RED" Somera

+1(619) 931-9854

OPEN HOUSE

Sun Nov 24, 10:00am - 1:00pm

UPDATED:

11/24/2024 01:05 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $445

Subdivision Downtown (Dt)

MLS Listing ID SB24227269

Bedrooms 10

Full Baths 4

HOA Y/N No

Year Built 1914

Lot Size 3,001 Sqft

Property Description

**SELLER OFFERING $15,000 TOWARDS INTEREST RATE BUY-DOWN FOR BUYER** 4-unit property, live in one unit and let the remaining 3 units pay your mortgage! Perfect for an investor looking for a renovated multifamily in a downtown location with high rental demand. The property has an attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, water heater, sinks, appliances, blinds, and fresh paint. The property boasts a completely upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels, as well as a 2024 Silicone white roof! Enjoy gross scheduled rents of $113,220 per year, a 13.0 GRM, a 5% cap rate, and upside in rents. Additionally, unit 807 (3bd 1ba) and unit 803 (2bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCO

Rooms

Main Level Bedrooms 6

Interior

Interior Features Bedroom on Main Level, Main Level Primary

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

View Y/N No

View None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Long Beach Unified

Others

Senior Community No

Tax ID 7274016016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Christopher Crosby • Buckingham Investments, Inc • 650-549-4849

GET MORE INFORMATION

Bernadette "REALTOR IN RED" Somera

Agent | License ID: 01377020

+1(619) 931-9854

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

801 Atlantic AVE